Risks to demand for eating out, procurement and business continuity from communicable diseases such as COVID-19
First written in FY2020. 4 of 14 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025-H1RestatedAnnual report
「The foodservice market, the main market for our Group, expanded steadily as inbound demand, supported by the weaker yen, increased following the reclassification of COVID-19 as a Class 5 infectious disease in May last year and the normalization of economic activity.」
The foodservice market continues to recover and expand, driven by the normalization of economic activity following the reclassification of COVID-19 as a Category 5 disease and by inbound demand. - FY2025-Q1MitigatedAnnual report
「The foodservice industry, the main market for our Group, remained firm as economic activity returned to normal following the reclassification of COVID-19 as a Class 5 infectious disease in May last year, while the weaker yen also contributed to an increase in inbound demand.」
The company stated that the impact of infectious diseases on foodservice demand had eased as COVID-19 was reclassified as a Category 5 disease and economic activity returned to normal. - FY2024MitigatedAnnual report
「In the fiscal year ended January 2024, our performance remained solid as post-COVID social and economic activity returned to normal. However, risks remain that the spread of unexpected infectious diseases or other illnesses could harm employee health or have a significant impact on the business through a sharp decline in foodservice demand.」
The company stated that the impact of infectious diseases eased as social and economic activity returned to normal during the period, while risks to employee health and foodservice demand from future infectious disease outbreaks remained. - FY2024-Q2MitigatedAnnual report
「In addition to COVID-19 being reclassified as a Class 5 infectious disease in May this year, the end of border-control measures increased inbound demand and restored foot traffic to restaurants and tourist destinations, improving the business environment.」
The business environment for foodservice-related operations improved as inbound demand increased following the reclassification of COVID-19 as a Category 5 disease and the end of border measures. - FY2023-Q2ReframedAnnual report
「Although it is difficult to accurately predict when the impact of COVID-19 will subside, we have made accounting estimates, including the recoverability of deferred tax assets, based on the assumption that conditions will settle to some extent from the second half of the fiscal year ending January 2023 onward as living with COVID-19 becomes more established throughout society and the business environment for restaurant operators, our Group's principal customers, gradually recovers.」
The assumptions underlying the accounting estimates for COVID-19 were updated from progress in vaccinations to assumptions centered on the wider adoption of living with COVID-19 and a gradual recovery in restaurant operators' business conditions. - FY2023-Q1Accounting estimate assumptions updatedAnnual report
「Based on the assumption that conditions would settle to some extent from the second half of the fiscal year ending January 2023 onward as vaccinations progressed as scheduled, we made accounting estimates, including the recoverability of deferred tax assets.」
For COVID-19, an accounting estimate assumption was presented that conditions would settle to some extent from the second half of the fiscal year ending January 2023 onward, based on progress in vaccinations. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the spread of COVID-19 had a significant impact on our business. If the spread of infectious diseases continues for an extended period before subsiding, our business activities and ability to secure earnings may be further affected by a decline in restaurant demand and other factors.」
The significant impact of the spread of COVID-19 on the business and the risk of additional impacts on restaurant demand and earnings if the situation is prolonged continued to be disclosed. - FY2022-Q2WorsenedAnnual report
「It is difficult to accurately predict when the impact of COVID-19 will subside. In the fiscal year ending January 2022, the spread of COVID-19 during the first half has continued to exceed initial expectations. We expect similar conditions to continue through around the third quarter of the second half, with a significant impact mainly on the food wholesale business for commercial use. On the assumption that conditions will settle to some extent in the fourth quarter and economic activity will gradually recover, we have made accounting estimates, including the recoverability of deferred tax assets.」
The spread of infectious diseases exceeded initial expectations, and the assumption was presented that the impact would continue mainly on the food wholesale business for commercial use through around the third quarter. Accounting estimates were made on the assumption of some recovery in the fourth quarter, and the impact on business results and financial position if actual developments diverge from that assumption was also disclosed. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the spread of COVID-19 had a significant impact on our business. If the spread of infectious diseases continues for an extended period before subsiding, our business activities and ability to secure earnings may be further affected by a decline in restaurant demand and other factors.」
The significant impact of COVID-19 on the business and the risk of additional impacts on restaurant demand and earnings if the situation is prolonged continued to be disclosed. There was no change in the type of infectious-disease risk. - FY2021WorsenedAnnual report
「The Company's performance was significantly affected in the fiscal year ended January 2021 by calls to refrain from going out due to the spread of COVID-19. At the same time, we implemented various measures to prevent harm to employees' health. There remains a risk that future outbreaks of unexpected infectious diseases could harm employees' health and significantly affect the business through a sharp decline in restaurant demand.」
The risk from infectious diseases materialized as a significant impact on results for the current fiscal year. The disclosure covers harm to employees' health, a sharp decline in restaurant demand, and responses targeting the delivery and care-facility markets. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the spread of COVID-19 had a significant impact on our business. If the spread of infectious diseases continues for an extended period before subsiding, our business activities and ability to secure earnings may be further affected by a decline in restaurant demand and other factors.」
The impact of the spread of infectious diseases continued through the cumulative third quarter, with consolidated net sales down 19.8% year on year and an operating loss of ¥3,084 million. Additional impacts if the situation is prolonged continue to be disclosed. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the spread of COVID-19 had a significant impact on our business. If the spread of infectious diseases continues for an extended period before subsiding, our business activities and ability to secure earnings may be further affected by a decline in restaurant demand and other factors.」
The spread of COVID-19 had a significant impact on the Company's business, with the decline in restaurant demand materializing in the performance of the food wholesale business for commercial use and other businesses. Additional impacts if the situation is prolonged were also disclosed. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the spread of COVID-19 had a significant impact on our business. If the spread of infectious diseases continues for an extended period before subsiding, our business activities and ability to secure earnings may be further affected by a decline in restaurant demand and other factors.」
The spread of COVID-19 had a significant impact on the Company's business, materializing in deterioration in net sales and operating income and a decline in restaurant demand. Additional impacts if the spread is prolonged were also disclosed. - FY2020First statedAnnual report
「If an infectious disease such as coronavirus emerges, the Group's results may be affected by a decline in opportunities to eat out due to calls to refrain from going out and holding events, delays in procuring products from overseas, the temporary closure of business locations due to employee infections, and delays or suspensions in logistics and service provision.」
For infectious diseases including COVID-19, the risk of an impact on business results through reduced opportunities to eat out, delays in overseas procurement, closure of business locations due to employee infections, and the suspension of logistics and services was disclosed independently for the first time. The spread of COVID-19 itself had been cited as background to the revision of financial targets.